3. You are considering investing in Cho\'s Chocolate Confectionary (CCC). CCC\'s

Question

3. You are considering investing in Cho's Chocolate Confectionary (CCC). CCC's stock price last month was 64.55, CCC's stock price this month was 54.42. During the month and before the dividend was paid, CCC's stock split 8 for 4. After the split and before the end of the month, CCC paid a dividend of 5.08. How much did CCC's stock return during the month? (Please express your answer as a percent without the percentage sign and including at least one decimal place whereby if the answer is 10.1% please write your answer 10.1)

3.

Explanation / Answer

Return for one month:

= (Stock price×2+Dividend per share×2-Stock price last month)÷Stock price last month

= ($54.42×2+$5.08×2-$64.55)÷$64.55

= 84.35

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